1,530 Shares in JPMorgan Chase & Co. (NYSE:JPM) Purchased by American Financial Advisors LLC

Posted by Defense World Staff on Sep 24th, 2023

American Financial Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,530 shares of the financial services provider’s stock, valued at approximately $222,000.

Other hedge funds have also bought and sold shares of the company. Oxler Private Wealth LLC increased its stake in shares of JPMorgan Chase & Co. by 0.9% in the fourth quarter. Oxler Private Wealth LLC now owns 8,158 shares of the financial services provider’s stock worth $1,094,000 after purchasing an additional 71 shares in the last quarter. Prostatis Group LLC increased its stake in shares of JPMorgan Chase & Co. by 0.9% in the first quarter. Prostatis Group LLC now owns 8,046 shares of the financial services provider’s stock worth $1,059,000 after purchasing an additional 74 shares in the last quarter. Cravens & Co Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 1.3% in the first quarter. Cravens & Co Advisors LLC now owns 5,905 shares of the financial services provider’s stock worth $769,000 after purchasing an additional 74 shares in the last quarter. Quent Capital LLC increased its stake in shares of JPMorgan Chase & Co. by 0.7% in the second quarter. Quent Capital LLC now owns 9,969 shares of the financial services provider’s stock worth $1,450,000 after purchasing an additional 74 shares in the last quarter. Finally, Howard Wealth Management LLC increased its stake in shares of JPMorgan Chase & Co. by 2.5% in the first quarter. Howard Wealth Management LLC now owns 3,062 shares of the financial services provider’s stock worth $399,000 after purchasing an additional 75 shares in the last quarter. Institutional investors own 68.94% of the company’s stock.

Insider Activity

In other news, General Counsel Stacey Friedman sold 4,310 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $157.16, for a total value of $677,359.60. Following the sale, the general counsel now owns 57,735 shares of the company’s stock, valued at $9,073,632.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on JPM shares. Atlantic Securities increased their price objective on shares of JPMorgan Chase & Co. from $150.00 to $160.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 1st. Oppenheimer dropped their target price on shares of JPMorgan Chase & Co. from $227.00 to $219.00 and set an “outperform” rating for the company in a research report on Friday, August 18th. StockNews.com began coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, August 17th. They set a “hold” rating for the company. Royal Bank of Canada restated an “outperform” rating and set a $158.00 target price on shares of JPMorgan Chase & Co. in a research report on Friday, September 8th. Finally, Credit Suisse Group upped their target price on shares of JPMorgan Chase & Co. from $160.00 to $170.00 in a research report on Monday, July 17th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus target price of $167.21.

Check Out Our Latest Stock Report on JPMorgan Chase & Co.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $145.73 on Friday. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week high of $159.38. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.28. The company has a fifty day simple moving average of $150.87 and a two-hundred day simple moving average of $141.78. The firm has a market capitalization of $423.50 billion, a P/E ratio of 9.38, a price-to-earnings-growth ratio of 1.89 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last announced its earnings results on Friday, July 14th. The financial services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.75. JPMorgan Chase & Co. had a net margin of 23.45% and a return on equity of 17.29%. The business had revenue of $42.40 billion for the quarter, compared to the consensus estimate of $38.66 billion. During the same quarter in the prior year, the firm posted $2.76 earnings per share. The business’s revenue for the quarter was up 34.1% on a year-over-year basis. Analysts anticipate that JPMorgan Chase & Co. will post 15.57 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 6th will be paid a $1.05 dividend. The ex-dividend date is Thursday, October 5th. This represents a $4.20 annualized dividend and a dividend yield of 2.88%. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.74%.

JPMorgan Chase & Co. Profile

(Free Report)

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.